Lanco Desires to Carve Out a Niche in Indian Realty

June 5, 2007	(Be the first to rate this story!)  Loading ...
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Lanco Infrastructure is soon to come up with potential real estate projects. However, the company is not making the expected marks in its Ultra Mega power Plant projects but it has certainly turned the heat in property market.

Partnering with Morgan Stanley, a global financial services firm, the Hyderabad based Lanco Group wants to spell a difference in Indian real estate.

The company is trying to make a killing using the rush of business travelers in the city.  Also, it is taking every effort to lure prospective investors with its local charm.

Morgan Stanley and Mantri Group holds 26 per cent stake in Hyderabad project where the company is planning to develop 80 lakh sq ft of residential area. Another 80 lakh sq ft will be used for the construction of a Mega Township.

The project will involve an investment of a whopping Rs 3,000 crore and the group has already made a bold projection. The company is projected to realizing a sale price of residential property at Rs 4,000 per sq ft.

Lanco Infrastructure also has plans to expand its horizons in cities like Vizag and Chennai. The company is now moving fast to hold and develop properties at least until when the mega Sasan power project finally gets over.

News Published Under:   Real Estate Developers |

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